$BNB

The BNB coin was launched through an initial coin offering that took place from June 26 to July 3, 2017, which is 11 days before trading began on the Binance trading platform. The issuance price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although the BNB coin was launched through the initial coin offering, it does not grant users the right to claim profits from Binance nor does it represent an investment in it.

In light of the availability of multiple applications within the BNB chain ecosystem and beyond, the BNB coin serves many purposes. Initially launched as an ERC-20 token on the Ethereum blockchain, the BNB coin has since migrated to the BNB mainnet. Although the initial total supply was set at 200 million coins, it has gradually decreased due to repeated coin burns. The Binance platform displays the current price of BNB and updates it in real-time.